Sponsors (5)
The bill strengthens national-security protections and transparency around foreign ownership of U.S. agricultural land—especially near military installations—but does so at the cost of increased compliance burdens, privacy concerns, potential legal/ nationality tensions, and reduced foreign investment that could lower land values and access to capital for some Americans.
Farmers, rural communities, and military communities gain stronger national-security protections because CFIUS review is expanded and transactions tied to identified risky countries face greater scrutiny or exclusion, reducing chances of hostile foreign control of agricultural land and land near bases.
State and local governments, taxpayers, and farmers get better transparency and data (county- and State-level reports and public annual reports) about foreign holdings and leases of agricultural land, enabling improved policymaking, oversight, and public accountability.
Taxpayers and the agricultural sector are protected from federal funds indirectly supporting entities tied to countries identified as nonmarket or national-security risks because eligibility for certain federal funds is limited by ownership ties.
Farmers, rural communities, and homeowners could face reduced inbound investment, lower land demand and values, and restricted access to subsidies or loans when foreign financing or ownership ties trigger exclusions or deter buyers.
Sellers, buyers, lessees, lenders and government agencies will face higher compliance costs, longer transaction delays, and greater administrative burdens due to expanded CFIUS reviews and new AFIDA reporting requirements.
Expanded reporting and published county-level ownership by country creates privacy and commercial-confidentiality risks for landowners and lessees.
Based on analysis of 6 sections of legislative text.
Expands CFIUS review and USDA reporting to cover purchases, transfers, and leases of agricultural land by certain foreign persons, bans federal assistance to such holdings, and requires annual public county-level reporting.
Introduced March 12, 2025 by James Lankford · Last progress March 12, 2025
Expands U.S. review and reporting of foreign interests in agricultural land and limits federal support to such holdings when owned or controlled by nationals of certain foreign countries. It requires CFIUS to review more agricultural land transactions (including leases) and transactions within 50 miles of military installations involving foreign persons identified as potential national security risks, bans federal assistance for affected holdings, and directs USDA to collect more detailed, annual county- and state-level reports (including special reporting for China and Russia).